The Most important Cyrptocurrencies

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4 years ago

cryptocurrencies available today for use and for investment, I believe there are five that count into a class of their own, according to market cap, increases in value over the years, mass-market acceptance , and other factors. Please note that this list, as well as my list of new, lesser known cryptocurrencies to view, is subjective - it represents my opinion, and not the result of any formal calculations or changes learn.

bitcoin (BTC) Bitcoin is a digital currency - useful for making payments without regard for the physical locations of a payer or recipient.Bitcoin is the first modern cryptocurrency and the first practical implementation of the blockchain technology; it grew into both the well-known cryptocurrency and the one with, by far, the largest market cap (at approximately $ 200 billion) .but, Bitcoin suffers from many serious problems, which can eventually lead to other cryptocurrencies beyond this in many ways; to find out more about the issues involved please see the article entitled, Will Bitcoin Be The Myspace Of Cryptocurrencies?

Ethereum (ETH) After Bitcoin's introduction of blockchain technology, Ethereum is, In my opinion, the next which is most significant cryptocurrency from a technological advancement perspective. (technically speaking, coins are ether, and the platform is Ethereum, but, for the sake of simplicity, I will stick to common, colloquial wording, and refer to the same as Ethereum). Ethereum was created to facilitate the creation, implementation, and execution of smart contracts - a feature that makes Ethereum particularly attractive to blockchain-related-project software developers and companies using Initial Coin Offering (ICOS) to raise capital. Smart contracts that automate the implementation and implementation of pre-determined rules when agreed conditions occur protect all parties involved, eliminate confusion, and have the potential to dramatically reduce legal costs. In other words, Ethereum is also better for commerce (whether legal or illegal) than Bitcoin: In 2015, for example, a dark web marketplace called Evolution suddenly disappeared, and its operators stole millions of dollars in Bitcoin held by site in escrow - uses Ethereum market contracts, theft of escrow currency is likely to be next to impossible. (Ethereum itself split a few years back - so, in addition to Ethereum, there is also Ethereum Classic, but that cryptocurrency did not make my list of the top 5).

For full disclosure, let me say both that I own some Ethereum, and that Gladius, on that team I serve as Security Advisor, recently raised $ 12 Million in Ethereum during its token sale; One of the main reasons that Ethereum is the coin of choice is because its smart contract capabilities allow various sales features encoded in unbreakable contracts - a strong attraction for the installer. Ethereum's market cap is currently a little under $ 100-Billion - about half of Bitcoin's.

litecoin (LTC) Litecoin is a Bitcoin-based cryptocurrency, and was created with some improvements over Bitcoin to make it both faster and more stable. Like Bitcoin, Litecoin is intended to be used for payments between users (e.g., peer to peer) - Unlike tokens within certain applications or to enforce smart contracts. Litecoin has been around for almost seven years - skyrocketing in usage and values ​​in the last few. litecoin is, however, more volatile in price than Bitcoin, and is not as widely accepted for payment. Its market cap is currently a little under $ 10-Billion - about 1/20 of Bitcoin's.

Bitcoin Cash (BCH) Bitcoin Cash is another potential successor to Bitcoin, capability measure Bitcoin's inherent shortcomings (which I discussed in detail in the article, Will Bitcoin Be The Myspace Of Cryptocurrencies?).

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Question is are that crypto still most important, or it just was on the past and in future some other will be more innovative

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4 years ago

at first they are important until now because they are the leading crypto in the future.

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User's avatar Jaz
4 years ago

thnk sir for upvoting me really appreciated.

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User's avatar Jaz
4 years ago